On January 1, Eastern College received $1,280,000 from its students for the spring semester that it recorded in Unearned Tuition and Fees. The term spans four months beginning on January 2 and the college spreads the revenue evenly over the months of the term. What amount of tuition revenue should the college recognize on February 28? Assume the college prepares monthly financial statements.a. $640,000.b. $1,280,000.c. $880,000.d. $960,000.e. $320,000.

Answers

Answer 1

Answer:

e. $320,000

Explanation:

Calculation to determine amount of tuition revenue should the college recognize on February 28

Using this formula

Tuition revenue =Amount received/Term spans

Let plug in the formula

Tuition revenue=$1,280,000 /4 months

Tuition revenue=$320,000

Therefore amount of tuition revenue should the college recognize on February 28 is $320,000


Related Questions

What would be the net annual cost of the following checking accounts?

a. Monthly fee, $2.75; processing fee, 50 cents per check; checks written, an average of 30 a month. (Do not round intermediate calculations. Round your answer to 2 decimal places. Input the amount as a positive value.)

For this one, I got $213.


b. Interest earnings of 4 percent with a $450 minimum balance; average monthly balance, $600; monthly service charge of $20 for falling below the minimum balance, which occurs five times a year (no interest earned in these months). (Do not round intermediate calculations. Round your answer to 2 decimal places. Input the amount as a positive value.)

Not sure how to do this one exactly.

Answers

Answer: $86

Explanation:

Net Annual cost is:

= Total service charge - Interest earned

Total service cost = Service charge * Number of months

= 20 * 5

= $100

Interest earned = Average monthly balance * interest rate * Remaining months

= 600 * 4% * (12 - 5 months) / 12 months

= 600 * 4% * 7/12

= $14

Net Annual cost:

= 100 - 14

= $86

what is cost variance

Answers

Cost variance is the difference between the actual cost and the planned or budgeted cost at a given time on a project.

Answer:

Cost variance is the difference between the actual cost incurred and the planned/budgeted cost at a given time on a project.

Explanation:

Suppose that an economy produces 500 units of output. It takes 10 units of labor at $15 a unit and 4 units of capital at $50 a unit to produce this amount of output. The per unit cost of production is:________.A. $1.42B. $1.24C. $0.70D. $0.40

Answers

Answer:

Option A is correct.

Explanation:

Below is the calculation:

Total number of units produces = 500 units

Number of labour = 10

Labour cost = $15 per unit

Total capital = 4 units

Cost of capital = $50 per unit

Total cost = 10 x 15 + 4 x 50 = 350

Per unit cost = 500 / 350 = 1.42

Thus option A is correct.

Rowan Co. purchases 500 common shares (40%) of JBI Corp. as a long-term investment for $630,000 cash on July 1. JBI Corp. paid $14,750 in total cash dividends on November 1 and reported net income of $295,000 for the year. (1) - (3) Prepare Rowan's entries to record the purchase of JBI shares, the receipt of its share of JBI dividends and the December 31 year-end adjustment for its share of JBI net income.

Answers

Answer and Explanation:

The journal entries are shown below;

On Jul 01

Equity method investments $630,000

    To Cash $630,000

(Being cash paid is recorded)

On Nov 01

Cash $5,900 (40% of $14,750)

    Equity method investments $5,900

(Being cash receipt is recorded)  

On Dec 31

Equity method investments $118,000 (40% of $295,000)

          To Earnings from equity method investments $118,000

(Being sharing of the net income is recorded)

With the CEO and driver of the company—Howard Schultz—stepping down as the company’s unquestioned leader, do you expect Starbucks to change its foreign market entry strategy in any way?

Answers

Answer:

The short answer to that is No, Starbucks will not change its foreign market entry strategy.

Explanation:

The reasons are as follows:

 did Howard Schultz lose his shares when he stepped down? This is highly unlikely and according to the rules of corporate governance may depend on his contract. So stepping down as the chairman does not necessarily translate to losing control. Corporations such as Starbucks: don't just up and change direction. Strategies are usually vetted by the board of directors. Whoever the majority shareholder is (corporate person or individual) will always have a say regarding the expansion of the business. Howard Schultz has stepped down in 2018. At that time, Starbucks had a total of 28,000 stores in 77 countries. Currently, there are 15,000 in 50 countries. This reduction didn't happen because Howard stepped down but because of the recent pandemic which hit the globe in 2020.

Cheers

In attempting this merger between Comcast and Time Warner, their executives were trying to fulfill their overriding goal as managers. which of the following best describes that goal?
a. advancing the technology of the industry helps all industry participants
b. the overriding goal of managers is to maximize the value of a company for its shareholders
c. managers are tasked the performing value-chain functional activities at the lowest possible cost.
d. ultimately, a company looks to expand its business activities beyond one market or industry.

Answers

Answer:

B

Explanation:

If a well-diversified portfolio of stocks has an expected return of 15% when the expected return on the market portfolio is 10%, then:_____

a. Treasury bills are offering a 7% yield.
b. The portfolio beta is greater than 1.0.
c. The portfolio beta equals 1.67.
d. The investor's portfolio contains many defensive stocks.

Answers

Answer:

B

Explanation:

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

Market beta is represented by 1. If a portfolio has a beta that is higher than 1, it means that it is more risky than the market portfolio and investors would demand a higher return than the market portfolio

Bella, Inc. manufactures two kinds of bagstotes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are$25,750. Additional estimated information is given below. Totes Satchels Direct materials cost per unit $33 $44Direct labor cost per unit $52 $60Number of units 520 370Calculate the pre-determined overhead allocation rate.

Answers

Answer:

See below

Explanation:

Given that estimated overhead costs for the year = $25,750

Bagstotes:

Direct materials cost per unit = $33

Direct labor cost per unit = $52

Number of units = 520

Satchels

Direct materials cost per unit = $44

Direct labor cost per unit = $60

Number of units = 370

Estimated direct labor =

(Direct labor cost per unit × No of units) of totes + (Direct labor cost per unit × No of units) of Satchels

= ($52 × 520) + ($60 × 370)

= $27,040 + $22,200

= $29,240

Predetermine overhead allocation rate:

= Estimated overhead / Estimated direct labor × 100

= $25,750 / $29,240 × 100

= 88.06%

Despite some optimism about the seeds of recovery, the Congressional Budget Office (CBO) sees joblessness rising. The CBO sees unemployment peaking at 10.4% next year from an average of 9.3% this year, before it falls to 9.1% in 2011."Source: Fortune, August 25, 2009Before the recession began, the U.S. unemployment rate was about 6 percent. As a recession begins, firms quickly make layoffs. Is this rise in unemployment mostly a rise in frictional, structural, or cyclical unemployment?The resulting rise in unemployment is mostly a rise in ______ unemployment because _______.cyclical; it is related to the state of the economy

Answers

Answer:

The resulting rise in unemployment is mostly a rise in __cyclical____ unemployment because it is related to the state of the economy.

Explanation:

Frictional unemployment occurs as a result of workers' search for or transition to new jobs.  It is brief and does not leave a mark on the economy.  Structural unemployment comes about when the skills of workers do not match the requirements of employers.  Therefore, workers require retraining and reskilling.  Cyclical unemployment relates to the macro-economic situation that is prevailing during periods of recession.

WatchNU is a company that designs and manufacturers drones for military use. The supply manager is getting ready to renegotiate the contract with the security service provider that it uses for its offices and manufacturing plant. Three suppliers responded to the RFP for security services for the next three years. The current security services provider, SecureIT quoted $945,000 per year. Two suppliers that have not been used by WatchNU in the past quoted $1,048,000 and $1,056,000 respectively. The supply manager is also analyzing the costs associated with insourcing security services rather than using a supplier as a way to reduce costs and provide greater control over security. The salary and benefits for a full-time security services manager is estimated to be $99,000. Other fixed costs are estimated to be $29,000/year. Three security guards are needed 24 hours/day, 365 days per year. The salary and benefits for the security guards is $34/hour.

Required:
What are the costs to insource the security services?

Answers

Answer:

Variable Cost $893,520

Fixed Cost $128,000

Total Cost $1,021,520

Explanation:

Calculation to determine the costs to insource the security services

VARIABLE COST

Using this formula

Variable cost =Total Quantity of Output x Variable Cost Per Unit

Let plug in the formula

Variable cost =3* ($34/hour x 24 hours/day x 365 days per year)

Variable cost = $893,520

FIXED COST

Using this formula

Fixed cost=Salary and Benefits for a full time security service manager+Other Fixed Costs

Let plug in the formula

Fixed cost=($99,000) + ($29,000)

Fixed cost= $128,000

TOTAL COST

Using this formula

Total Cost = Variable Cost + Fixed Cost

Let plug in the formula

Total Cost=($893,520) + ($128,000)

Total Cost= $1,021,520

Therefore the costs to insource the security services will be:

Variable Cost $893,520

Fixed Cost $128,000

Total Cost $1,021,520

Park Corporation is planning to issue bonds with a face value of $790,000 and a coupon rate of 7.5 percent. The bonds mature in 6 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.)Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)2. Prepare the journal entry to record the interest payment on June 30 of this year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)3. What bond payable amount will Park report on its June 30 balance sheet? (Enter all amounts with a positive sign.)

Answers

Answer:

Journal Entry to record issuance of bond:-  

First of all, we need to calculate the issue price of the bonds.  

Semi Annual Stated Coupon Interest = face Value 790,000 x Coupon Rate 7.5% * 1/2half yearly = $29,625  

Semiannual period to maturity (n) = 6 years x 2 = 12  

Semi Annual Market Interest Rate (R) = 8.5%*1/2 = 4.25%  

Present Value of Bonds (Price of the bonds issued) = Semi-Annual Coupon Interest x PVIFA (R, n) + Face Value x PVIF (R, n)  

= (29,625*9.25039) + (790,000*0.60686)  

= 274,042.80 + 479,419.40  

= $753,462  

Calculation of Present Value Factor:-  

PVIFA (R, n) = Present Value interest factor for ordinary annuity at R% for n periods = (1 – 1/(1+R)n) / R  

PVIFA (4.25%, 12) = (1 – 1/(1+0.0425)12) / 0.0425 = 9.25039  

PVIF (R, n) = Present Value interest factor for ‘n’ period at ‘R’% = 1/(1+R)n  

PVIF (4.25%, 12) = 1/(1+0.0425)12= 0.60686

Explanation:

Japanese officials are considering a new tariff on imported pork products from the United States in an attempt to reduce Japan’s reliance on U.S. pork. Due to political pressure, the U.S. International Trade Representative’s (ITR) office is also considering a new tariff on imported steel from Japan. Officials in both Japan and the U.S. must assess the social welfare ramifications of their tariff decisions. Reports from a reliable think-tank indicate the following: If neither country imposes a new tariff, social welfare in Japan’s economy will remain at $4.8 billion and social welfare in the United States will remain at $44 billion. If both countries impose a new tariff, welfare in the United States declines 0.5 percent to $43.78 billion and welfare in Japan declines by 0.8 percent to $4.76 billion. If Japan does not impose a tariff but the United States does, projected welfare in Japan is $4.66 billion while welfare in the United States is $44.2 billion. Finally, if the U.S. does not impose a tariff but Japan does, welfare is projected at $43.66 billion in the United States and $4.85 billion in Japan. Determine the Nash equilibrium outcome when policy makers in the two countries simultaneously but independently make tariff decisions in a myopic (one-shot) setting. Is it possible for the two countries to improve their social welfare by "agreeing" to different strategies? Explain

Answers

Answer:

Explanation:

The following is the Nash equilibrium between the United States and the Japanese Nation, as well as the payoff:

                                                                     Japanese Nation

                                               Tariff (billion)              No Tariff (billion)

                          Tariff                 $43.78 , $4.76             $44.2 , $4.66

United States            

                         No Tariff            $43.66 , $4.85            $44 , $4.8

From the Nash equilibrium; the United States implements Tariffs and the Japanese Nation also implements Tariff with the outcome ($43.78, $4.76) as the dominant strategy each for the United States and Japanese Nation:

(to implement tariff).

By agreeing to adopt No tariff, the two nations may be able to increase their social welfare.

On the other hand, the decision to implement no tariffs relies on the event being performed indefinitely,  thereby utilizing trigger methods when the interest rate is very low.

The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $84,457. The bank statement indicated a balance of $127,190 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:

a. Checks outstanding totaled $33,310.
b. A deposit of $17,610, representing receipts of June 30, had been made too late to appear on the bank statement.
c. The bank collected $28,248 on a $26,400 note, including interest of $1,848.
d. A check for $1,100 returned with the statement had been incorrectly recorded by Pala Medical Co. as $110. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account.
e. A check drawn for $680 had been erroneously charged by the bank as $860.
f. Bank service charges for June amounted to $45.

Required:
a. Prepare a bank reconciliation.
b. Journalize the necessary entries.
c. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, what amount should be reported as cash?

Answers

Answer:

Pala Medical Co.

a. Bank Reconciliation Statement as at June 30, 20Y1

Balance as per adjusted cash balance $111,670

add outstanding checks                           33,310

less uncredited deposits                           17,610

       overdrawn check                                   180

Balance as per bank statement          $127,190

b. Journal Entries:

c. Debit Cash $28,248

Credit Notes Receivable $26,400

Credit Interest Revenue $1,848

To record the receipt on notes receivable, including interest revenue.

d. Debit Accounts Payable $990

Credit Cash $990

To record the check in payment on account ($1,100 - $110)

f. Debit Bank service charges $45

Credit Cash $45

To record bank charges.

c. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, the amount that should be reported as cash is:

= $111,670.

Explanation:

a) Data and Calculations:

Cash account balance at June 30, 20Y1 = $84,457

Bank statement balance on June 30, 20Y1 = $127,190

Analysis of discrepancies:

a. Outstanding checks $33,310

b. Uncredited deposits $17,610

c. Cash $28,248 Note Receivable $26,400  Interest Revenue $1,848

d. Returned check $1,100 Accounts Payable $1,100  $110

e. Overdrawn check $180 $680 had been erroneously charged by the bank as $860.

f. Bank service charges for June amounted to $45

Cash Account Adjustments:

Balance at June 30, 20Y1 = $84,457

Direct credit                           28,248

Dishonored check                     (990)

Bank charges                               (45)

Adjusted cash balance       $111,670

Question 9 Suppose money invested in a hedge fund earns 1% per trading day. There are 250 trading days per year. What will be your annual return on $100 invested in the fund if the manager allows you to reinvest in the fund the 1% you earn each day

Answers

Answer:

1103.22%

Explanation:

The value of the investment at the end of the year assuming  250  trading days per year can be computed the future value formula provided below:

FV=PV*(1+daily return)^n

PV=initial investment=$100

daily return=reinvestment rate=1%

n=number of trading days in a year=250

FV=$100*(1+1%)^250

FV=$ 1,203.22

Annual return=( 1,203.22/$100)-1

Annual return=1103.22%

On June 30, 2018, the Esquire Company sold some merchandise to a customer for $48,000. In payment, Esquire agreed to accept a 9% note requiring the payment of interest and principal on March 31, 2019. The 9% rate is appropriate in this situation. Required: 1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), the December 31, 2018 interest accrual, and the March 31, 2019 collection. 2. If the December 31 adjusting entry for the interest accrual is not prepared, by how much will income before income taxes be over-or understated in 2018 and 2019

Answers

Answer:

Esquire Company

1. Journal Entries

June 30, 2018:

Debit 9% Notes Receivable $48,000

Credit Sales Revenue $48,000

To record the sale of goods on account.

December 31, 2018:

Debit Interest Receivable $2,160

Credit Interest Revenue $2,160

To accrue interest revenue ($48,000 * 9% * 6/12).

March 31, 2019:

Debit Interest Receivable $1,080

Credit Interest Revenue $1,080

To accrue interest revenue  ($48,000 * 9% * 3/12).

March 31, 2019:

Debit Cash $51,240

Credit Notes Receivable $48,000

Credit Interest Receivable $3,240

To record the collection of cash for goods and accruing interest.

2. If the December 31 adjusting entry for the interest accrual is not prepared, income before income taxes will be understated in 2018 and overstated in 2019 by $2,160.

Explanation:

a) Data and Analysis:

June 30, 2018: 9% Notes Receivable $48,000 Sales Revenue $48,000

December 31, 2018: Interest Receivable $2,160 Interest Revenue $2,160

March 31, 2019: Interest Receivable $1,080 Interest Revenue $1,080

March 31, 2019: Cash $51,240 Notes Receivable $48,000 Interest Receivable $3,240

A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was initially increased for the payment. The required adjusting journal entry on December 31 includes a:_________
a. credit to Prepaid insurance for $400.
b. debit to Insurance expense for $400.
c. credit to Insurance expense for $400.
d. debit to Prepaid insurance for $400.
e. debit to Insurance expense for $4,800.

Answers

Answer: a. credit to Prepaid insurance for $400.

b. debit to Insurance expense for $400

Explanation:

The required adjusting journal entry on December 31 will be:

Debit Insurance expense = ($4800 *1/12) = $400

Credit Prepaid Insurance = $400

(To record insurance expired for 1 month for December)

Therefore, the correct options are A and B.

A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500. Record the journal entries for the amount of gain or loss on disposal of the fixed asset. Be sure to show your work!

Answers

Answer:

Book value on date of sale = Cost - Accumulated depreciation

Book value on date of sale = $30,000 - $28,500

Book value on date of sale = $1,500

Gain on disposal = Sales amount - Book value on date of sale

Gain on disposal = $3,500 - $1,500

Gain on disposal = $2,000

                               Journal entries

Date  Account Titles                      Debit        Credit

Cash A/C                                        $3,500

Accumulated depreciation A/C    $28,500

      To fixed asset                                           $30,000

      To gain on disposal                                  $2,000.

starting balance of Accounts Receivable is $3,400 The starting balance of Cash is $9,000 The starting balance of Inventory is $5,100 1. Receive payment of $10 owed by a customer 2. Buy $16 worth of manufacturing supplies for cash 3. Sell product for $40 in cash with historical cost of $40 What is the final amount in Cash

Answers

Answer:

The final amount in Cash is $9,034

Explanation:

1.

As cash is received, the cash balance is increased by $10, and account receivables are decreased by $10.

2.

As cash is paid for the purchase the cash balance is decreased by $16 and inventory value will increase by $16.

3.

As the sale is made for cash, the cash balance is increased by $40, and the inventory balance is decreased by the same value.

Cash balance = $9,000 + $10 - $16 + $40 = $9,034

The working is attached with this answer please find it.

The annual commissions per salesperson employed by a manufacturer of light machinery averaged $40,000 with a standard deviation of $5,000. What percent of the sales persons earn between $32,000 and $42,000?
A) 60.06%.
B) 39.94%.
C) 34.13%.
D) 81.66%.

Answers

Answer:

A

Explanation:

From the given information;

The required probability needed to carry out is P(32000<X<42000);

Given that:

mean [tex]\mu[/tex] = 40000

standard deviation [tex]\sigma[/tex] = 5000

Using the standard normal distribution;

[tex]P(32000 <X<42000) = ( \dfrac{x - \mu}{\sigma} <Z< \dfrac{x - \mu}{\sigma})[/tex]

[tex]P(32000 <X<42000) = ( \dfrac{32000 - 40000}{5000} <Z< \dfrac{42000 - 40000}{5000})[/tex]

[tex]P(32000 <X<42000) = ( -1.6<Z<0.4)[/tex]

Here, the region of the area lies between -1.60 and 0.40

P(320000 < X < 40000) = P(Z<0.40) - P(Z< -0.40)

From Z tables;

P(320000 < X < 40000) =  0.6554 -0.0548

P(320000 < X < 40000) = 0.6006

P(320000 < X < 40000) = 60.06%

On 1/1, Florida Power and Light Energy bought a single piece of equipment by paying $7,000 cash. They also incurred freight charges and taxes of $224 on 1/1 and paid for these items with cash, also. The market value of this equipment is $13,000. What amount should be recorded in Florida Power and Light's Equipment Account on 1/1?

Answers

Answer:

the amount that should be recorded in Florida Power and Light's Equipment Account on 1/1 is $7,224

Explanation:

The computation of the amount that should be recorded in Florida Power and Light's Equipment Account on 1/1 is shown below:

= Purchase price of an equipment + freight charges & taxes

= $7,000 + $224

= $7,224

Hence, the amount that should be recorded in Florida Power and Light's Equipment Account on 1/1 is $7,224

Auctio sells sprockets in a perfectly competitive market. Below are its short-run total variable costs at different output levels. The firm's fixed cost is $5. The market price of one sprocket is $8. Units Total Variable Cost 0 $0 1 $12 2 $18 3 $22 4 $28 5 $35 6 $43 What is the average total cost of the 5th unit

Answers

Answer:

$36

Explanation:

Average total cost = total variable cost + fixed cost ) / output

total variable cost  = variable cost x output

35 x 5 = 175

175 + 5) / 5 = 36

An Engel curve:________.
A. slopes upward for normal goods and downward for inferior goods.
B. slopes upward for inferior goods and downward for normal goods.
C. slopes downward for both normal and inferior goods.
D. slopes upward for both normal and inferior goods.

Answers

Answer:

A. slopes upward for normal goods and downward for inferior goods.

Explanation:

In the case of Engle curve it plots the relationship between income and demand for a good.

In the case of the normal goods, as the income rises the demand also rises while on the other hand in the case of inferior goods, the income rises the demand false

So it sloped upward for the normal goods and slop downwards for the inferior goods  

Why are accountability and trust so important in using emerging technologies? ​

Answers

Answer:

lows immediate reconciliation, improves the integrity of data and generates trust because it allows participants to provide increased transparency to stakeholders and gain control of their own operations in a digital environment

The current controllable margin for Henry Division is $78000. Its current operating assets are $300000. The division is considering purchasing equipment for $90000 that will increase annual controllable margin by an estimated $12000. If the equipment is purchased, what will happen to the return on investment for Henry Division

Answers

Answer:

See below

Explanation:

The computation of return on investment is seen below

= (Controllable margin ÷ Operating assets) × 100

= ($78,000 ÷ $300,000) × 100

= 26%

Now, the controllable margin equals to = $78,000 + $12,000

= $90,000

And the new operating assets would be;

= $300,000 + $90,000

= $390,000

So, the new return on investment equals to

= ($90,000 ÷ $390,000) × 100

= 23.08%

Therefore, the return on investment decreased by

= 26% - 23.08%

= 2.92%

name the institution that makes it possible for investors to buy and sell shares in South Africa​

Answers

Answer:

Johannesburg Stock Exchange

Explanation:

You took ACC111 where the Owner's Equity section consisted of Capital and Owner's Withdrawals. Now that you've seen the corporate structure of the Owner's Equity section, how do the individual items in the Sole Proprietor's Equity section translate to the Corporate Equity section? For example, Revenues are closed out into Capital for Sole Proprietor, Where does it go for Corporate?

Answers

Answer:

Revenues are closed out to Equity (Retained Earnings) for Corporate.

Explanation:

Actually, for both Sole Proprietor and Corporate, the account that is closed out to Capital or Equity is the difference between the Revenue and the Expenses for the accounting period.  This is more specifically referred to as Net Income.  This is the bottom-line profit, which is available for distribution to the owners of the entity in the form of capital withdrawals for Sole Proprietorships and dividends for Corporate entities.

An investor, who had $75,000 to contribute, was choosing between a boutique and a local shoe shop. After careful deliberation, the investor chose the boutique. In the first year, the boutique generated enough profit to pay the investor $15,000 (an agreed percentage of profits to be paid to the investor). The investor found out that if he had invested in the local shoe shop he would have received $9,000 (an agreed percentage of profits to be paid to the investor).

The investor's economic profit was:________

Answers

Answer:

$6000

Explanation:

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

accounting profit = 15,000

Implicit cost = 9000

15,000 - 9000 = $6000

Information related to Kerber Co. is presented below.

1. On April 5, purchased merchandise on account from Monty Company for $36,000, terms 3/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $920 on merchandise purchased from Monty.
3. On April 7, purchased equipment on account for $30,500.
4. On April 8, returned damaged merchandise to Monty Company and was granted a $4,200 credit for returned merchandise.
5. On April 15, paid the amount due to Monty Company in full.

Required:
Prepare the journal entries to record these transactions on the books of Riverbed co. under a perpetual inventory system.

Answers

Answer:

Date        Account Titles and Explanation        Debit       Credit

April 5     Inventory                                            $36,000

                     Accounts Payable                                          $36,000

April 6     Inventory                                            $920

                     Cash                                                                $920

April 7      Equipment                                         $30,500

                     Accounts Payable                                           $30,500

April 8     Accounts Payable                              $4,200

                     Inventory                                                         $4,200

April 15    Accounts Payable                              $31,800

               ($36,000-$4200)

                     Inventory                                                         $954

                    ($31,800*3%)

                    Cash                                                                 $30,846

River co. just paid a dividend of $2 per share out of earnings of $4 per share. If its book value per share is $25 and its stock is currently selling for $40 per share, calculate the required rate of return on the stock.

Answers

Answer:

13.4%

Explanation:

Calculation to determine the required rate of return on the stock.

First step

g = (1 - 0.5)(4/25)

g = 0.08*100

g = 8%

Now let determine the required rate of return

r = [(2 * 1.08)/40] + 0.08

r= 13.4%

Therefore the required rate of return on the stock is 13.4%

Analyse the causes and origin of employment syndrome in Zimbabwe​

Answers

Answer:

The causes for employment syndrome are Due to the drought a large number of people migrated to the urban areas in search of employment. Another drought occurred in 1995 - 1996 which worsened the economic situation. Unemployment increased due to retrenchments and business closures.

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